Sherman Residential 2016 Multifamily Acquisition Criteria

The objective of the real estate group at Sherman Residential is to acquire existing multifamily apartment communities in designated markets throughout the United States. The following information outlines our current general criteria:

Geographical Locations

The following metropolitan areas:
  • Phoenix, Arizona
  • Tampa, Florida
  • Atlanta, Georgia
  • Charlotte, North Carolina
  • Raleigh-Durham, North Carolina
  • Greenville-Spartanburg, South Carolina
  • Nashville, Tennesse
  • Austin, Texas   
  • Dallas, Texas
  • San Antonio, Texas

Property Description

  • Garden-style, mid-rise and high-rise apartment complexes
  • 150 units minimum, built after 2000
  • Attractive grounds, comprehensive amenity package, good unit mix
  • Strong locations in designated markets


  • Below comparative replacement cost.
  • Anticipated return in the first year of 6% or greater.

Submission Requirements

All submissions must have the following items to be expeditiously considered:
  • Current rent roll
  • Complete physical description of improvements
  • Complete color photos - aerial if possible
  • Current concessions and concession history
  • Resident profile report
  • YTD financial statements and prior two years
  • Site plan, floor plans, amenities and unit mix
  • Market data on comparable rental properties and recent sales


Mr. Scott Gould
Senior Vice President of Acquisitions
500 Lake Cook Rd, Suite 280 Deerfield, IL 60015

Axis at Wycliff
Carrington Oaks
Enclave at Wiregrass
Manor Six Forks
One Metrocenter
Southern Oaks at Davis Park
The Boulevard at Frisco Square
The Cottages